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What is the difference between a defined contribution plan and a defined benefit plan?

What is the difference between a defined contribution plan and a defined benefit plan?

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A. The party receiving the distribution
B. The party making the contribution
C. The contract period requiring specific payments
D. The penalties for early distribution

This question is part of Life & Health - Practice Exam 5
Asked by Coulter, Last updated: Sep 12, 2020

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2 Answers

Cat

Cat

Cat
Cat

Answered Jan 24, 2018

Can someone give examples of this?

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John Smith

John Smith

John Smith
John Smith

Answered Jan 24, 2017

The penalties for early distribution
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